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Nvidia CEO Jensen Huang on Wednesday dismissed concern about an end to a spending boom on artificial intelligence chips and said opportunities will expand into a multi-trillion-dollar market over the next five years. Despite Huang’s upbeat view on AI demand, shares of the chip designer clocked losses triggered by a tepid third-quarter sales forecast that excluded potential revenue from China. The stock was down nearly 2% at $178.43 in early trading on Thursday. Keeping China out of its forecast underscored the uncertainty caused by Sino-U.S. trade tensions despite Nvidia striking a deal with President Donald Trump for export licenses in exchange for 15% of China sales of its H20 AI chips. Huang on Thursday also indicated that Nvidia would be open to giving the U.S. government a cut of sales from new Blackwell chips for China if it is allowed to sell them to Beijing, a Fox Business reporter said in a post on X. Following the earnings report, Huang had sought to reassure investors rattled by indications of slowing growth at the chipmaker at the center of the investment frenzy.
Full report : Nvidia CEO says AI boom far from over after tepid sales forecast.